Endeavour Capital Closes $775M Fund

Seventh Fund Maintains Private Equity Firm’s Focus on Lower Middle Market

PORTLAND, Ore.--()--Endeavour Capital, a West Coast source of capital and long-term partnership for lower middle market companies across the western US, today announced the close of Endeavour Capital Fund VII at $775 million, the firm’s largest fund to date. The fund was oversubscribed and reached its hard cap of limited partner commitments, exceeding its initial target of $700 million.

Fundraising for Fund VII launched in Sept. 2014 and concluded at its first and final close on December 22, 2014. Including Fund VII, Endeavour has approximately $2 billion in capital under management.

“Our fundraising was completed quickly thanks to the continued loyalty and support of our solid investor base who appreciates Endeavour Capital’s consistent business strategy over the last 23 years, and our ability to attract new investors who recognize our track record of success in the lower middle market,” said John von Schlegell, Endeavour managing director. “Fund VII will mirror the same strategic approach of our previous funds and invest in both regional opportunities and targeted industries for long-term risk adjusted returns.”

In addition to its regional presence in the western US, Endeavour focuses on leading lower middle market companies in the food and consumer, transportation and logistics, healthcare and business services industries. Current portfolio companies include New Seasons Market (including New Leaf Community Markets), Bristol Farms, Metropolitan Market, Lazy Acres, Port Logistics Group, Pro Karma, Inc. and ZoomCare, Inc. Endeavour Capital raised $675 million Fund VI in 2011 with similar terms to Fund VII.

“In Fund VII we will continue our practice of patient investments with below market leverage in lower middle market companies over long hold periods,” said Stephen Babson, Endeavour managing director. “With our experienced team and proven investment strategy, we remain committed to generating strong and consistent returns and enhancing long-term partnerships with our investors.”

About Endeavour Capital

Endeavour was founded in 1991 to be a local source of capital and long-term partner to leading companies in the western U.S. With locations in Seattle, Portland, Denver and Los Angeles, Endeavour focuses on providing long-term capital to in-region companies, their owners and management teams. With a particular focus on the food and consumer markets, the company partners with supermarket retail companies like New Seasons Market and Bristol Farms, as well as with food and beverage companies like Columbus Foods and Seattle-based National Frozen Foods. www.endeavourcapital.com

Contacts

Media Contacts:
LANE Portland (for Endeavour Capital)
Jeff Segvich, 503-546-7870
jeff@lanepr.com
or
LANE NYC (for Endeavour Capital)
Amber Roberts, 212-302-5964
amber@lanepr.com
or
Investor Contacts:
Endeavour Capital
John von Schlegell, Portland, 503-705-3474
jevs@endeavourcapital.com
or
Stephen Babson, Seattle, 503-830-3479
seb@endeavourcapital.com
or
Leland Jones, Los Angeles, 213-703-0450
lmj@endeavourcapital.com
or
Mark Dorman, Denver, 503-799-9933
dmd@endeavourcapital.com

Release Summary

Endeavour Capital today announced the close of Endeavour Capital Fund VII at $775 million, the firm’s largest fund to date.

Contacts

Media Contacts:
LANE Portland (for Endeavour Capital)
Jeff Segvich, 503-546-7870
jeff@lanepr.com
or
LANE NYC (for Endeavour Capital)
Amber Roberts, 212-302-5964
amber@lanepr.com
or
Investor Contacts:
Endeavour Capital
John von Schlegell, Portland, 503-705-3474
jevs@endeavourcapital.com
or
Stephen Babson, Seattle, 503-830-3479
seb@endeavourcapital.com
or
Leland Jones, Los Angeles, 213-703-0450
lmj@endeavourcapital.com
or
Mark Dorman, Denver, 503-799-9933
dmd@endeavourcapital.com